Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The market might not have reached the overbought zone yet, according to CoinStats.
XRP/USD
XRP has gained the most value today, rocketing by 25%.
On the hourly chart, the price of XRP is near the local resistance of $1.0739. If buyers can hold the gained initiative, there is a chance of a level breakout, followed by a move to the $1.10 area.
On the bigger time frame, the rate of XRP is far from the key levels. In this case, one should focus on the bar closure in terms of its peak.
Denys SerhiichukIf it happens with no long wick, the growth may continue to the $1.15-$1.20 range next week.
From the midterm point of view, the price of the altcoin has reached the resistance of $1.0735. However, if the weekly candle closes far from it, traders may witness a correction to the $0.90-$0.95 area.
XRP is trading at $1.0522 at press time.
Tomiwabold Olajide
Dan Burgin
U.Today Editorial Team
Vladislav Sopov